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L1 AER ECO 100 80-90 Flashcards | StudBud

Explore/L1 AER ECO 100 80-90

Scarcity is the difference between demand and supply

Solvency is the ability of a business to:

L1 AER ECO 100 80-90

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Answers

1
Solvency is the ability of a business to:
Maximise profits
Increase market share
Meet its long term financial commitments
Meet its short term financial commitments
2
Scarcity is the difference between demand and supply
True
False
3
What is a shareholder?
people who have learned how to share
people who own small parts of a company
co-own a company
own a company on their own
4
Self-interest is most similar to
greed
utility
satisfaction
capitalism
5
Subprime borrowers are
people with a poor credit history
students
low-income
people with a good credit rating
6
Stabilize means
to change something
to have an extra amount
to lose something
to stop something from changing
7
The French 'smic' is
the statutory working week
the official minimum working week
the official minimum wage
a lower salary
8
What is scarcity?
Short supply
More than enough
The right amount
9
Demand is
a name of a coin used in the Caribbean
another name for a service
the number of people who want or need something
the amount of something that is available
10
SET A PRICE: what does it mean?
be reimbursed
fix a price
pay the price
change the price
11
On the Stock Market...
Consumers invest in a share of a business
Consumers buy companies
Consumers sell products and services
Consumers buy products and services